Brooks Macdonald FUM declines in third quarter

clock • 1 min read
Brooks Macdonald FUM declines in third quarter

Funds under management (FUM) at Brooks Macdonald declined 3.9% in the third quarter to 31 March 2022, closing the period at £16.7bn, down from £17.3bn at 31 December 2021. According to the firm, this was due to the exacerbation of pre-existing macroeconomic difficulties by war in Ukraine. Positive net flows continued over the quarter at the group, however, ending the period at £0.2bn, in line with annualised net flows of 4.1%. FUM within its bespoke portfolio service (BPS) declined f...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login